When politicians are considering new taxes for cars, Lithuanian Free Market Institute points out that car owners already pay too many taxes. Instead of re-taxing car owners, we propose to reduce public sector spending and with these savings – to offset the pensions.
LFMI criticizes the fact that new taxes would have to be paid from the taxed income. Also, we recall that cars are being purchased from the taxable income, and in some cases, the same acquisition is subject to VAT.
“Car taxes impose on those who earn the lowest. Instead of increasing the tax burden the government should reduce public spending,”- offers LFMI’s senior expert Kaetana Leontjeva.
LFMI’s video you can watch here: http://www.youtube.com/watch?v=pmxPHpUZ0Sc
